Business in the Real World Flashcards
1
Q
What is business?
A
A business is a organistion designed to provide a service or a product.
2
Q
What is a product?
A
A product is anything that is capable of satisfying customer needs, it is tangible (touchable).
3
Q
What is a service?
A
A service is an act a business person carries out for you in exchange for money, it is intangible (not touchable)